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KRON
Nov 26, 2012 8:00pm PST
looming fiscal cliff. business groups and lawmakers are still bickering. the dow jones lost 43 points to close at below 13,000. the s&p fell three points and the nasdaq only came only a few points. >> is beginning to look a lot like christmas with the white house. with the capitol christmas tree and washington d.c.. the 65 ft. sprues came from the white river national forest in colorado. they spent this morning installing it with a approximately 5000 ornaments. and it will be led by john boehner next month. >> coming up in sports the san jose basketball takes on the no. 10 team in the country. and smith, kaepernick, kaepernick course met the 49ers continues. what are bought and of course gary, next. music's, ready ! share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything plan. unlimited talk, text and shareable data... ... across your family's devices, all in one plan. get a droid razr m by motorola for $49
CNBC
Nov 26, 2012 7:00pm EST
another, that's about all i hear on this fiscal cliff business, and you know what? what about spending cuts which is the true source of the deficit problem along with anemic economic growth. and here's one. we just got confirmation that the latest fiscal numbers from the treasury department show the federal government ran up more red ink in october than it did the year before, and guess what? spending went up double digits from the year before. what a surprise. but the white house got one thing right today. it released a study showing that a massive year-end tax hike would kill consumer spending by $200 billion, right. so let's not raise taxes. and in addition to all of this, the joint chiefs of staff is apparently drawing up plans to keep 10,000 u.s. troops in afghanistan past the 2014 deadline. this break a president obama promise, but some promises are made to be broken, and i think this is probably a good move. but first up congress back at work tonight after the holiday recess with now just 35 days to go. are we any closer to a tax and fiscal cliff fix? cnbc's own chief w
KCSMMHZ
Nov 27, 2012 2:30pm PST
the trigger to by the german robot. >> the prospect of falling off the fiscal cliff frightens more than just greenblatt. numerous business owners across the country are withholding investments in choosing not to hire new workers. that is because numerous tax advantages expire at the end of the year, and at the same time, the federal government looks set to drastically cut spending. experts say the results will be dramatic. >> if we go off the fiscal cliff, we then have an immediate recession in the united states. of course, that extends to all of the world because we are still the biggest market in the world. >> now it is up to politicians in washington to find a solution. no easy task, considering the partisan divisions in congress. the democrats who control the senate do not want cuts to social benefits. the republicans who form a majority in the house of representatives are opposed to tax hikes. time is running out. both democrats and republicans have indicated a willingness to compromise, but business owners are skeptical. and many american business people are very concerned that the politicians will not accomplish certaint
FOX Business
Nov 26, 2012 7:00pm EST
over just the next decade. obamacare. so far so good. the fiscal cliff negotiations under way. business leaders go to washington meeting republican and democratic house leaders. but is what is good for business really good for the country? the "a-team" next. the government tracking terrorists, criminals, and students. a texas school district wants to attract their students. big brother not a big hit with the students. protests are up in egypt over president more seize power grab. will the united states sit by quietly as he makes his move to become their leader? and is sure real law next? acclaims dollar middle east expert joining us next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a month at your local mercedes-benz dealer. heartburn symptoms causedelieve by acid refl disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other seriousto
CNBC
Nov 27, 2012 12:00pm EST
nation's capital. the president meeting with more ceos today to discuss that and the fiscal cliff. we've the latest on the fiscal cliff negotiations. >> the president is meeting with small business leaders at the white house today. a development just within the past hour i think is changing the debate here in washington at least for today. senator dick durbin, a key democratic leader here in the senate up on capitol hill, and a close ally of president obama, just made a key speech over at a progressive group's offices in which he said that liberals shouldn't want to have medicare and medicaid and social security, the big entitlement spends as part of the discussion. he should they should be decoupled from it. listen to what durbin said a few minutes ago. >> i think we should take social sure security off the table for the fiscal cliff and discussion but be honest about what you achieve in the near term. >> scott, let me tell you what he's doing here. what we look at is a negotiating tactic in which democrats are saying, wait a second. we'll use the political advantage right now and take it off the table and see how republicans respond. later in the debate if the democrats need to cave i
FOX Business
Nov 27, 2012 5:00pm EST
, president obama ups the ante on fiscal cliff pressure meeting with small business owners from all walks of live at the white house today. the million dollar question? what will be the real impact on small businesss? with me now, straight from that meeting in a fox business exclusive is the cofounder of book to the roots, an urban mushroom farm growing gourmet business. wow i have to ask yyu a lot about that because i don't understand that. i will ask you first, what happened at the meeting? what did you guys talk about and what was the response you got. >> yeah, thanks for having me on. it was an incredible opportunity. it was really fun room. cool to see the energy and passion in the room. it was 15 small business owners along with the president and i think he asked us to share our stories and how we got to where we are today. he kind of explained a little bit about his vision for the economy and where he thinks it is going. and thoughts about what is top of mind for us about the economy. melissa: so what did you say and did you feel like he listened to you and was going to take
CNBC
Nov 27, 2012 4:00pm EST
all are tired talking about the fiscal cliff, but that has to factor into the outlook for next year, right? >> oh, yeah. i believe the market is completely at the mercy of the cliff. the impact, at least on the business side, hasn't fully been felt. but they've been bracing for this for quite some time. steve is absolutely right in talking about the average consumer. they're just learning about this whole concept. they're not even sure they understand the ingredients to it. i don't know they're whistling past the graveyard. they are focused on things that normally drive confidence, all of which look decent, which is a pullback in gasoline prices, the improvement in housing. there are fundamental reasons for the lift this confidence. it's just a question of whether businesses are too pessimistic or consumers are too optimistic. >> what advice are you giving to investors right now about what they should do given the uncertainty? >> keep your cards close to the vest. don't make any major trades in anticipation of what is going to happen. there are certainly things that individuals can do. we're telling them to sit down with their consultant, adviser. figure out if there's something that may make sense from a
CNN
Nov 27, 2012 6:00am PST
capitol hill to the corporate board room a lot of hammering over the fiscal cliff. some 35 days away now. business leaders are calling for action. listen to this plea from the group the business round table. >> america's ceos have a message for washington. >> top priority for us is to advance policies that will get the u.s. economy growing again. >> the country has to have a higher rate of growth. that begins with addressing the fiscal cliff issue. >> so, bipartisan bottom line, right? not quite. you see those business leaders have a vested interest in which spending should be cut and which loopholes closed. and let's just say what's old is new again. alison kosik is at the new york stock exchange with a closer look. put this in language we can understand as people who are not ceos. >> many of these high-level ceos, carol, are part of this movement, this campaign to fix the debt we've been hearing so much about. this includes some of the biggest heads of business that are out there. and some have been more outspoken than others when it comes to what needs to get done to get a handle on the deficit. it als
CBS
Nov 27, 2012 12:00pm PST
this week for his approach to avert the "fiscal cliff." he is meeting today and tomorrow with small business owners and middle class families and he will visit a small business in pennsylvania on friday. negotiations with republicans continue behind closed doors. a democratic senator says his side is willing to discuss reform of medicare and medicaid. >> the math just doesn't work anymore. not because the programs are bad but because thank goodness we're living longer. >> republicans are signalling they're open to compromise but so far, they still oppose the president's idea to raise taxes on the wealthy. instead, republican leaders want to limit tax deductions and loopholes without an agreement. across-the-board tax hikes will take effect on january 1 without an agreement. here's a breakdown of what would happen. for households earning 20 to $40,000, the tax increase would be $1,200. for householder, 40 to $64,000, the tax hike would be $2,000. and with those incomes of $64,000 up to 6 figures, it would be a $3,500 tax increase. >>> it's not all dire economic news. retailers are still looking for
CSPAN
Nov 27, 2012 7:00am EST
the latest coming out of the white house on the fiscal cliff talks. the two sides not scheduled to meet face to face. as you heard from the prevent of the congressional leaders are the weekend and the two sides separately meeting this week in washington with business leaders and as we said, unions are planning protests on capitol hill. a lot to talk about with the fiscal cliff in washington. we want to turn to all of you and get this tape on this idea of going off of the fiscal cliff. we will talk with glenn on our line for democrats, go ahead. caller: i would like to remark on how relatively quickly it sounds like the white house is willing to sell out. you know, if we go off the fiscal cliff, and pronounce our willingness to help the republicans the gate the pledge not to raise taxes by letting it expire and than any tax change to reduce taxes will be a tax cut, we will be glad to sign it. all of the super rich people who are now going to face the state tax on anything over $1 billion will be screening of their shoulders, the thing it. and rear not point to have $200 billion less in spending if after january 1 we sign a new tax bill. the fact that obama is administration is to make it sound like he is averting a catastrophe over the post 2013 -- it is a
FOX Business
Nov 27, 2012 4:00pm EST
discuss the fiscal cliff. the president instead is going to meet with small business owners, ceos, and friday he heads out to suburban philadelphia to sell his position on taxes. republicans meanwhile are saying, look, it's time to start a deal. >> it seems like our friends on the other side are having some difficulty kind of turning off the campaign. we need to sit down and work this matter out. >> we are all here, those of us in the administration and those who have been elected to congress, to serve the american people, so to suggest that we should now that the election's over stop talking to them about these vital issues, i think, is bad advice. >> reporter: republicans will be selling their positions themselves. the house leadership aide says house republicans will visit local small businesses around the country to emphasize the threat to jobs posed by congressional democrats, small business tax hikes. the election may be over, but it sounds an awful lot like it did before the election. back to you. liz: we need to see more action. rich, thank you very much. david: just when rich
CNBC
Nov 27, 2012 1:00pm EST
. >> indeed it does. welcome to "power lunch." it is a fiscal cliff faceoff. president obama meeting with small business leaders at the white house this afternoon to make his case for higher taxes ahead. we will also go to the home state of a kai player in tey pl talks. >>> the chevy volt struggling to work with car makers aed car buyers. why is general motors doubling down with its big bet in electric and has it jumped its sales? >>> facebook stock up 10% in the past week and 30% the past two months. has it finally turned a corpser? >>> speaking of corners, we have switched corners, tyler, the gentleman that he is, is braving you the snow and the ice in new york city and he is down on the floor of the new york estock exchange. >> a mucky day. not since 2008 has it been so high. more evidence the housing recovery is taking root. prices rising in the big cities but a warning we may head into a recession next year if the u.s. and europe don't solve their fiscal messes. right now the dow industrials a built of a breather down 21 points. >>> meanwhile, 34 days to the fiscal cliff. will a deal be done in time? today
KRON
Nov 27, 2012 7:00am PST
the public case for strategizing the fiscal cliff. friday he will be meeting with business owners, small business owners. at the white house today the president will meet and tomorrow with middle-class americans. >> an 18 year-old accused of killing a man and injuring and police officer will be arraigned this week. here is a video of the other suspect in this case who was in court last wednesday. there china find a connection between the two. both are being held for murder, armed robbery, and attempted murder of a police officer. the drama of a 14 year-old boy charged as an adult with attempted murder sexaul assault and kidnapping of a 65 year-old woman has been postponed. caviar king was scheduled to be arraigned in court yesterday. authorities say he of the to the woman at dusk force to drive several miles away where he assaulted and beat her before leaving her in a ditch. police described attack as random. >> the two leaders will be remembered today. the commemoration will have two parts of the ceremony on the steps of city hall at 430 this afternoon. a candlelight march that m
Current
Nov 27, 2012 3:00am PST
how to avoid the fiscal cliff. some important meetings taking place at the white house today and on the hill. with business leaders to get their take on the business community, seems to be a little split on this issue as to -- how much they will support getting rid of the bush tax cuts on the wealthiest of americans. and how much they will support any other increases in revenue particularly a lot of attention being paid to the mortgage interest deduction. with all of the negotiations taking place who is speaking for the republican party. rebecca kaplan has been covering that for the "national journal." political reporter for the "national journal." rebecca has been our guest several times during the campaign where she jumped from -- those outstanding candidates rick perry to rick santorum to paul ryan. at least paul ryan ended up on the ticket. hey, rebecca nice to see you. >>nice to be here. >> bill: give us a call at 1-866-55-press. peter ogborn again is following your comments on twitter and facebook and in the chat room. so let me ask you first of all who does speak for the republican party in these negotiatio
FOX Business
Nov 27, 2012 3:00pm EST
fiscal cliff. this is what you need the here. at. >> i am robert gray with your stocks business brief. stocks are mostly lower with the senate majority leader harry reid said he was disappointed there was little progress in the fiscal cliff. the maps manager behind the maps program has reportedly been fired. rich williamson is the latest two have been given the acts. former software chief was pushed out late at last month. it is not clear if apple has found a replacement. taking a bite out of the smart phone market overtaking and trade the 12 weeks leading of the halloween more than doubled from one year-ago the market share exceeds 40%. now we continue countdown to the closing bell with liz cllman. liz: looking at the markets at the low the session the nasdaq s&p each down five points we're not trying to of view but it could cause havoc 34 days left for congress to reach a budget deal other wise spending cuts kick and. and tax hikes. we have decided to talk to state leaders what they're doing with this uncertainty. governors on the edge joining us now delaware governor, a great to ha
KRON
Nov 27, 2012 6:00am PST
campaigning. he is campaigning on dealing with the fiscal cliff. he will travel to pennsylvania and meet with small-business owners as the pressure republicans to extend tax cuts for people that are in less than two and a $50,000. he will be meeting with these business owners and middle class residents. >> new video coming in from cairo. look at all of the tents that are set up. this is a mass rally against a decree of begins the new president. this demonstration is just after he stated that he had a meeting with judges that was aimed at the worst political crisis in june. there are marches across the capitol and this is the center of a protest that is about the numbers and it is expected to swell. >> we will be right back as we continue. [ laughter ] [ girl ] wow, you guys have it easy. i wish i had u-verse when i was your age. in my day, we didn't have these fancy wireless receivers. blah blah blah. if i had a sleepover, i couldn't just move the tv into the playroom. no. we had to watch movies in the den because that's where the tv outlet was. and if dad was snoring on the couch, we muscled through it. is she fo
FOX News
Nov 27, 2012 8:00am PST
now, the president and republicans may not be able to reach a deal on that looming fiscal cliff. the president meeting with small business owners at the white house despite signs that talks are stalling on capitol hill. james rosen is live at the white house and, james, just last week folks were saying there's some optimism coming out of these talks. why now is there a feeling that maybe things respect going as well? >> reporter: let's face it, jenna, a trained observer could be forgiving for serving the state of these fiscal cliff negotiations involving the white house and senate dem crates on one hand, house republicans on the other and concluding these talks have effectively broken down. president obama, fresh from his re-election victory and convinced he wields a mandate on this issue, is forsaking further negotiating sessions this week and is instead holding a variety of campaign-style events, meeting tomorrow with the ceos of larger firms as well as middle class taxpayers and then heading out on friday to the philadelphia area for a large rally. >> do you expect the president will sit down with leadership this week to dis
NBC
Nov 27, 2012 11:00am PST
cliff. we have tracie potts with details from washington. >> reporter: today, president obama meets with small business leaders. a new white house economic report warns if tax breaks go away, the average middle class family will owe uncle sam $2,200 next year. >> middle class families should see an extension of the tax cuts. >> reporter: some republicans who have been dead set against raising taxes on anyone now hint they may consider other options. >> we have been open to revenue by closing loopholes as long as it is tied to spending cuts and pro-growth tax reform that broadens base. >> you don't raise rates. you cap the amounts of eitemize deductions. >> reporter: america is borrowing too much money trying to keep social security and medicare afloat. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> this congress is already one vote away from avoiding the fiscal cliff. >> reporter: and no word yet on when the next white house meeting will happen. tracie potts, nbc news, washington. >>> thank you. the governor of new york says in some ways superstorm
FOX News
Nov 26, 2012 4:00pm PST
vote away from avoiding the fiscal cliff for middle class families and small businesses. >> republicans point to a study done by the winston group which is a republic research firm which says 65% of americans back tax reform and spending cuts over raising taxes, shep. >> shepard: we are hearing now that house republicans are planning to meet with ceos up on the hill a day after tomorrow. >> top ceos and top fiscal experts two weeks after president obama essentially did the same thing. the ceos of etna inc., honey well international and irskin bowles are amongst those scheduled to attend. half the bowls simpson deficit planned and laid out own formula to save $2 trillion. it is clear republicans like his ideas which would generate $800 billion in revenue through tax reform. meanwhile so much tax reform about allowing the bush tax cuts to allow the wealthy tox expire cost $9.69 billion a day to run. estimated additional revenue from allowing the bush tax cuts to expire would generate an average of $82.4 billion a year. so the money saved would run the government for 8 and a half days, she
CBS
Nov 27, 2012 5:00am PST
media blitz this week highlighting his efforts to steer clear of the "fiscal cliff." he will first meet with small business owners at the white house today. at the other end of pennsylvania avenue, fellow democrat senator dick durbin will give what's being called a major speech laying out a case for a bipartisan deal. durbin's a member of the senate's gang of 8, four democrats and four republicans who have collaborated on ways to reduce the nation's debt for 2 1/2 year. democratic senator mark warner is also in the gang and says democrats are willing to put entitlements like medicaid and medicare on the negotiating table. >> the math just doesn't work anymore not because the programs are bad but because thank goodness we're living a lot longer. >> reporter: republicans are also signalling they are more open to compromise. they say they will agree to raising tax revenue by limiting deductions for the wealthy. >> without compromising our principles we recognize that while democrats don't run this town neither do we. >> reporter: but the two sides remain far apart on the main sticking point. republicans oppose any i
CSPAN
Nov 27, 2012 1:00pm EST
house today, the president's resolving with fiscal cliff issues, he's meeting with business owners. the president and vice president will visit with the president-elect of mexico, enrique pena nieto. u.s. house coming in momentarily. back from the thanksgiving break. they'll come in for short speeches in just a moment. later this afternoon they'll begin work on five bills one of which would require the department of homeland security to report annually on border security and illegal immigrants. votes at 6:30 this evening. later this week they'll be working on a proposal for a new visa proposal for foreign students, foreign college students taking advanced degrees in science, engineering and math. off the floor this week democrats will elect leadership for the 113th congress. house about to gavel in next as we mentioned just for one-minute speeches and then they're back at 4:30 for legislative work live here on c-span. >> the house will be in order. the chair lays before the house a communication from the speaker. the the clerk: the speaker's rooms, washington, d.c. november 27, 201
NBC
Nov 27, 2012 4:00am PST
tycoon warren buffett is live with his take on the state of the economy, the fiscal cliff, and taxing the rich. >>> and actress scarlett johansson talks about the oscar buzz surrounding her new role in "hitchcock." >>> and now keep it on this channel for continuing local news, weather, sports, and more. i'm lynn berry. thanks for watching "early today," just your first stop of the day, today on your nbc station. have a good one.
FOX Business
Nov 27, 2012 1:00pm EST
business owners at 2:30 p.m. eastern time to make his case for his fiscal cliff plan. that is the latest from the fox business network, giving you the power to prosper melissa: so even if lawmakers and the white house do reach a deal to raise tax rates on the nation's top income earners will that significantly cut into our nation's huge debt problem? check this out for some context. during the 201 fiscal year, it costs nearly $9.7 billion a day to run the federal government. oh. the additional revenue from ending the bush-era tax cuts would average $82 billion a year. so that is enough money to run the government for eight and a half days. lori: cue outrage. >> well, the math is very simple. all we have to do is figure out the other 357 days. i don't see what the big deal is. lori: got to be spending cuts, right? this is the crux of the matter. taxes are frustrating and i understand your point but can't come without cuts. >> we've been talking about the fiscal cliff for a very long time. we've been warned of it amply. we've talked about it in detail. the reality right now we're going to find out how smart this presid
PBS
Nov 26, 2012 6:00pm PST
. there is pent-up demand. can we tell yet? >> one thing i'm worried about is the fiscal cliff issue, the tax increases and spending cuts that take place january 1 unless congress and the president reach a deal. businesses have been worried about that for months. maybe consumers are start-- maybe it's starting to creep into their thinking as well. we saw a weaker consumer sentiment number last week. that's thing to watch to worry about as we wonder what the holiday season will be like. >> brown: nariman behravesh, is it strange or do things really change? on the one hand, we want people to get out and spend, but on the other hand, we still talk about over-spending and spending money people didn't really have was part of the problem that got us into this state in the first place. so what's-- that sounds like a little bit of a disconnect. where are we on that? >> well, i think neil is right in saying consumer finances are in much better shape right now. so in that sense, the kind of spending we're seeing now is more sustainable. it's healthier in a sense. debt levels are down. people are not taking, say, home equity out to spend on a car or, you know, a flat screen tv. so it's a much healthier kind of spending
CNN
Nov 27, 2012 4:00am PST
if congress doesn't fix the fiscal cliff. they'll also be meeting with business leaders this week. so we're seeing a two-prong strategy right now out of the white house. >> it starts moving in the realm of tinker toys you know it's getting very, very serious. we've seen some republicans, major republicans, come out the last few days saying they don't feel bound anymore by that americans for tax reform pledge that grover norquist pledge. most recently house majority leader eric cantor seemed to have a little wiggle room there. do you expect to see more republicans coming out here? >> the floodgates have certainly opened and i suspect we'll see more republicans talk about the need for resolution. we have a new cnn poll in the last 24 hours that show that if this is not resolved, that republicans will take a majority of the blame, and not president obama. so i think we will see more republicans start to break away from that pledge. but, on the other side, though, democrats are also going to have to come to the table, and do some compromise. we saw senate minority leader mitch mcconnell t
MSNBC
Nov 27, 2012 6:00am PST
can see businesses getting concerned about the fiscal cliff and maybe this is where it's showing up. >> well, we'll be watching. we'll see. i know all of the ceos just want certainty. that's what they keep telling the white house. thank you much. the forgotten war, we're going to take a deep dive into the challenges and the changes in the u.s. relationship with mexico. >>> well, the foreign policy challenge no one is talking about and, by the way, it's one that's killed nearly ten times as many people as the wars in iraq and afghanistan combined. today we're taking a deep dive into the drug war in mexico and the u.s. role in it. a key focus of the meeting between president obama and mexico's president elect pena nieto. the merida initiative began under george w. bush and then mexican president calderon as an aid program to help mexico disrupt drug cartels and improve law enforcement. the u.s. helped train federal police and sent equipment to mexico including helicopters and patrol planes. the results, though, have not been encouraging. going back to the end of 2006 when president ca
PBS
Nov 26, 2012 5:30pm PST
about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often than they do stores. whether that adds up to incremental organic growth is a question we just don't know. remember, we're starting with all online sales from a much, much lower base than wew we
CNN
Nov 27, 2012 9:00am PST
edge of the fiscal cliff. it's up to them to stop $500 billion in automatic spending cuts as well as the tax hikes that would take effect. chief business correspondent ali velshi's joining us. the president today met with small business owners instead of members of congress. explain what is at stake for them if we go off the fiscal cliff. >> the president meeting with different groups of people. when he met with the ceos he got criticism from small business owners. tomorrow meeting with middle class taxpayers. you won't have heard of them. these are not the small business owners who run their income through their personal tax. they're not concerned about the increase in the tax on people making more than $250,000. these are people who are going to lose business if americans are poorer. so their general view -- or have to pay higher taxes -- their general view they don't want, they are enjoying a recovery now, they do not want congress and washington to do something that's going to affect their customer base, either who are retail clients, retail customers themselves or other small businesses who depend on customers. >> so who stands to lose the most
CNN
Nov 27, 2012 2:00am PST
affected by the fiscal cliff. he'll be meeting with small business owners today at the white house. tomorrow he'll be meeting with middle-class americans who will be affected by the tax cut. on friday we'll be going to pennsylvania to visit a small company. so, as well we talked about the goodwill that might exist between democrats and republicans to try to get something done. we're also now seeing a pressure campaign put on by the white house. >> and we've seen some major republicans come out and say they don't feel bound by the americans for tax reform pledge. most recently we have house majority leader eric cantor. do you believe that any more republicans will stick with this jump on board? >> well, zoraida, you know, republicans are certainly being clicked into a box at this point. in order to try to solve the fiscal cliff a lot of people are saying we're going to have to see tax cuts get raised. president obama and democrats would like to see that just on democrats alone. republicans, as you said, are starting to peel away from that pledge. however grover norquist is threateni
CNBC
Nov 27, 2012 3:00pm EST
because of the fiscal cliff. that's coming up later on the "closing bell." [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> markets went to the lows of the session when senator majority leader harry reid started talking about the fiscal cliff and started sounding less optimistic about it all. bob, give us more details. >> a lot of debate about these reid comments. he did say there was little progress made on the fiscal cliff, but read more about what he said. he said, i'm extremely hopeful that the fiscal cliff issues can be resolved. he said, i don't believe the republicans are going to allow us to go over the fiscal cliff. a lot of parsing of these words. the dow did drop to 81 points on the low. we're now not far from those lows. we rallied more when people
CBS
Nov 27, 2012 7:00am PST
. all this week president obama is pushing his fix to the fiscal cliff. it takes place in 35 days if congress doesn't act. >> he meets today with small business owners at the white house. nancy cordes is on capitol hill where noters are still working on a budget deal. nan seerks good morning. >> good morning, norah and charlie. >> everyone on capitol hill has returned from thanksgiving recess insisting they are ready to compromise and they think a deal can be reached before the deadline. the outlines of that deal are still far from clear. we know it's going to involve a mix of spending cuts and tax revenue increases. but how much and where all that money will come from is still a mystery. top aides in both the house and the senate tell us that despite the fact the president started these negotiations talking with all the leaders at the house and the senate at this point he's primarily dealing with one person. that's house speaker john boehner. that's because any deal that involves raising tax revenue will face its biggest hurdle in the house of representatives. republicans traditionally have been very opposed to tax increases. they still don't want
NBC
Nov 27, 2012 6:00am PST
-called fiscal cliff. the white house will also take up the issue today during its first day back from the holiday break. >>> also today, san jose international airport asking the city council to change the rules about who can shoot at birds to clear them from air fields. the airport wants trained staff and biologists to be able to shoot at those birds. right now only military officers and police can fire shots at the birds. >>> friends and family of an ill man are offering $3,000 for the safe return of a stolen yorkie dog. four years old, lola was stolen from her master's car when he went into a medical centering for a brief appointment. >> cute little lola. >> thanks for joining us this morning. we'll be back with a local news update at 7:25. >> and every half hour after that. see you in a few. have a great day. we'll see you tomorrow. >> enjoy day. our last sunny one for a while. . >>> good morning. ka-ching. cyber monday numbers are in overnight, and the news is great for retailers. up more than 28% from last year. is it a sign the economy is finalln
Current
Nov 27, 2012 6:00am PST
over the weekend about avoiding the fiscal cliff. the president will meet with small business owners today. tomorrow he meets with middle class americans who would be affected by tax hikes and more business leaders. friday he's going to travel to hatfield pennsylvania where he will give campaign style remarks to get support for congress to negotiate the right kind of deal. we are back with more steph after this. ♪ [ ♪ theme ♪ ] >> announcer: ladies and gentlemen, it's the "stephanie miller show." ♪ >> yahoo, it is the "stephanie miller show," welcome to it. 1-800-steph-1-2 toll free from everywhere. steven weber. he will be there nobody panic he will be right there. charlie pierce said some good stuff about the fiscal cliff and other things. this is going to be a fascinating discussion. the president playing three dimensional chess. told you so. >> never mind. >> never mind. >> corn? when did we book corn? [ laughter ] >> oh, you kids. i swear. all right, you know what? i think there's a little estrogen in the clubhouse. ♪ ♪ >> hi, jackie schechner. >> good morning. my at
MSNBC
Nov 27, 2012 8:00am PST
. >>> i want to go back to the other big story unfolding in washington. the president's fiscal cliff campaign. live pictures of the white house are president obama will meet today with 15 small business owners. the first of a series of meetings this week as the administration puts the pressure on congress to make a deal. the "washington post" reporting the talks are accelerating between president obama and top congressional leaders, including john boehner who was on the phone with the president over the weekend. the white house's pr campaign is being buoyed along by warren buffett who is voicing support for tax hikes for americans just like him. >> i think it would have a great effect in terms of the morale of the middle class who have seen themselves paying high payroll taxes, income taxes and then watched guys like me end up paying a rate that's below that, you know, paid by the people in my office. >> joining me now is wisconsin's republican senator ron johnson. senator, it's great to have you with us this morning. and as we talk about what's taking place in washington, d.c. right now, the million dollar question is all concerns around senators lindsey graham, saxby chambliss, congressma
FOX
Nov 27, 2012 5:00am PST
the so called fiscal cliff looming at the end of the year. all week long they have meetings with small business leaders and on friday, the president will visit a toy track are you in virginia -- toy factory in virginia. he will continue to push tax cuts for middle income americans and letting them expire for people who make more than $250,000 a year. they coming up, more on hurricane katrina. they are asking for $42 billion in aid. that includes 9 billion to prepare for the next big storm. last month's storm flooded the subway train system, and knocked out power for days. >>> get ready, we are about to get hit with several storms which are taking aim on the bay area. live with how to prepare and what to prepare for, alex? >> reporter: well, good morning, the north bay is expected to get hammered by a series of storms and the residents are getting prepared an auction see the sand bags are being filled and they are making these bags for the flooding that is certainly a possibility with all the rain that is expected. lots of people will be stopping by here throughout the day. meantime over at the city's p
CSPAN
Nov 27, 2012 9:00am EST
the fiscal cliff, we should also recognize when democrats and republicans agree. we agree taxes should not go up for anyone making less than $250,000 a year. 97% of small businesses and 98% of middle-class families would benefit from that. with common ground in sight, we should be able to act today to avert the fiscal cliff for millions of families and businesses. even if we disagree on whether to extend tax breaks for the wealthiest 2% of americans, we should agree to hold the middle class harmless and do it today, do it mao. a single vote in the house of representatives would get the job done now. unfortunately, there's one obstacle standing between congress and a compromise: grover norquist. for years, no norquist has bulld lawmakers. his brand of ideological extremism has been bad for congress and even worse for the congress. so i was pleased to see republicans in congress distance themselves from norquist this week. i appreciate that etch have. and so do the american people. and i'm sure their constituents do. several republican lawmakers have said revenue should be on the table during fiscal cliff negotiations. how common sense is that? it is absolutely clear t
CBS
Nov 27, 2012 1:35am PST
the fiscal cliff. this is shaping up to be the best cyber monday ever. sales are up 28 percent from last year. cbs reporter anthony mason found out the last few days have been busy. even during dinner time. >>> amazon.com's biggest shipping center in phoenix arizona is the size of 28 football fields. last cyber monday it's busyist day of the year, amazon processed 200 orders per second. amazon vice president craig says the company expects business this year will be even better. >> we've hired and are continuing to hire 50,000 seasonal workers to meet customer demand. we need to come up with a new word for busy. we've been on hyper drive. >> online sales jump more than 20 percent on black friday. and thanks giving it was shopping day this year. >> it started early. a retail analyst with ibm that monitors 500 online retailers says shopping was heavy throughout thanks giving day especially with i phones and i pads. >> people were driving during thanksgiving dinner time. >> i'm saying the i phone is now the new utensil. does it go on the right or the left of the fork, i don't know. >> anthony mason, cbs news new york. >> he makes six figures an episode but one tv star is
CNBC
Nov 27, 2012 9:00am EST
going over the fiscal cliff? you do have more polarization with business community. jamie dimon being the key man? >> certainly one of them. a lot of the business community is more down the middle given the two constituencies you just mentioned. >> we'll talk -- buffett had thoughts on that this morning that we'll get to in a few minutes. the case shiller home price report is out. which cities are making the fastest move to recovery? >>> also ahead, when it comes to the holiday shopping season, it appears men are the new women. we'll explain that argument. take one more look at futures here. we'll see if we get traction later on this morning when the opening bell rings in just about 16 minutes. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. t
FOX Business
Nov 27, 2012 11:00am EST
answers he held for. cheryl: we continue our special series fiscal cliff survival kit. washington can't get it together, there are steps you can take to get your fiscal house to get a. fox business anchor tracy byrnes will be at missteps for you to take right now. dennis: he might be divided in any other line of work. he is still on 2 and 1/2 men after calling it fills the. gerri: job security coming up later in the hour. stocks every 15 minutes, nicole petallides. you have a lot every 15 minutes. let's begin. nicole: let's look at what is going on with the dow here. is nowhere near the 14,000 mark when we launched the network but we are at 13,000, not too far off of that level, the dow is down 3 to -- two points. you see the nasdaq and the sp have moved into the green slightly, talking about 0.1%, means there helping things along with names like intel and coca-cola and alcoa the names that have been pressuring the dow, hewlett-packard, american express, microsoft. big picture we're doing all right, yesterday lost 40 points so we're pretty much flat for today, talking about a week deal here, when you look at the equity residential and talking about archesteban but the company meeting e
CNBC
Nov 27, 2012 2:00pm EST
, that is not really suggesting any sandy ease fengts or any fiscal cliff effects, maybe the rise has crested. chain store sales, 3% rise week on week. the best we have seen for thanksgiving, ending on that saturday since 1990. business investment, surprising economists up 1.7. case-shiller home prices up 0.3. that march of home price continues higher. all i can say, i don't know if this goes back to mandy or brian but the story here is sandy's effects are yet to come, perhaps the cliff effects are yet to come but if i have to stop for the moment and not worry about the future, i would say the consumers a not doing too badly and business spending may be stabilizing toward going higher now. >> it feels like, steve vicious you are saying this recovery is real? >> it does feel real but we both know the challenges that are ahead. the data has to turn dune in part from sandy, got to be an effect before it begins to turn up you can the two-step you get in a storm. and then, i don't know if consumers are blissfully ignorant of the fiscal cliff or if they are intelligently anticipate a deal. >> i think a little bit of both in there thank you very much. >> my pleasure. you all figure that out. >> hand it now back to brian sullivan who i
CSPAN
Nov 26, 2012 8:00pm EST
congress is one vote away from avoiding a fiscal cliff for middle-class families and small businesses. we can solve the greatest economic emergency facing the nation today if only the house would consent the senate-passed bill freezing -- freezing tax rates. as thomas jefferson said, "we should not put off tomorrow what we can do today." our legislation would give economic certainty to the middle class, protect important tax reductions for families and businesses, and restore balance by asking the most fortunate among us to pay a little extra to reduce the debt. also, the only bill with a chance of being signed into law by president obama. speaker boehner once again urges us to pass the house bill, extending tax breaks for millionaires and billionaires. the senate has already consider that bill and we rejected it on a bipartisan basis. for the speaker to say, bring it up, we are behalf. it was loaded down in this congress. -- it was voted down in this congress. the president has spoken. he will not sign until the mortgages our future to pay for handouts. i hope house republicans have been
CNBC
Nov 27, 2012 6:00am EST
have don peebles joining the program. fiscal cliff, tax policy and the state of business from a man with skin in the game as he makes his way to the table. "squawk" is coming back right after this. tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles schwab... tdd#: 1-800-345-2550 gives me tools that help me find opportunities more easily. tdd#: 1-800-345-2550 i can even access it from the cloud and trade on any computer. tdd#: 1-800-345-2550 and with schwab mobile, tdd#: 1-800-345-2550 i can focus on trading anyplace, anytime. tdd#: 1-800-345-2550 until i choose to focus on something else. tdd#: 1-800-345-2550 all this with no trade minimums. tdd#: 1-800-345-2550 and only $8.95 a trade. tdd#: 1-800-345-2550 open an account with a $50,000 deposit, tdd#: 1-800-345-2550 and get 6 months commission-free trades. tdd#: 1-800-345-2550 call 1-800-433-9947. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tour
FOX News
Nov 27, 2012 3:00am PST
, week before we fall off the fiscal cliff at the conclusion of this year, lawmakers in washington are reaching out to the people who actually run businesses for help. molly henneberg joins us live from the white house today to tell us about the meeting at casablanca. >> good morning. any president has the bully pulpit and president obama intends to use it more and more, the white house says, to get across his message, his solution on the fiscal cliff. so today he will meet with small business owners here at the white house. tomorrow he will meet with middle class americans. and on friday, he'll make the public case for extending tax cuts on the middle class and raising taxes on families making more than $250,000 when he visits a business in pen opinion. the president's press secretary says on this highly charged issue, quote, public communication is essential. >> some of the lessons that we learned over the last four years have to do with always being mindful of the fact that engaging the public on these sometimes chewy policy debates is important because they care and they have a deep stake in the outcome of the debate. so we'll continue to
CNBC
Nov 26, 2012 11:00pm EST
% do particularly badly on the fiscal cliff? >> i would answer your question slightly different. i got to live the american dream. built a business from nothing to real size by providing what the consumer and the businessman wanted. i'm scared to death that america is losing that ability. we see it in the banking business where the american banking environment is much tougher to deal with than even the uk, british environment which is much more friendly to business. i'm afraid that as the government turns the screws on the large banks, they're going to destroy the regional and small banks which really drive the american economy. >> it's a tough sentence, and i know that you understand the small guys, because you work with them to become large guys. and then they're loyal to you forever. >> correct. >> i'm sure the same thing is going to happen in london. i want to thank vernon hill. remember, "it's fans, not customers." this is the right book for the right time. "mad money" is back after the break. thank you, vernon. >>> we always forget about alcatel lucent, the gigantic telephone equipment maker. every time we think this is the mome
CNN
Nov 27, 2012 11:00am PST
over the fiscal cliff. president obama is launching a new pr effort, a campaign if you will, starting with a meeting today, the white house, small business owners, tomorrow he hosts a group of middle class americans who would take a hit if those fiscal cliff tax hikes take effect. and on friday, he heads to pennsylvania, small toy factory in fact, to highlight the role middle class consumers play in this holiday shopping season. back in washington, republicans, they don't like it. they say they want to see the white house leadership and not a return to the campaign trail. but the white house spokesman insists the president is promoting a serious plan. here he was. >> here is a fact. the president has on the table a proposal that reduces the deficit by $4 trillion, that does so in a balanced way, that includes substantial cuts to discretionary, nondefense spending over a trillion dollars, that includes revenue and includes $340 billion in savings from our health care entitlement programs. >> joining me now from new york, rick newman, chief business correspondent for u.s. news and world report. we like to call him our go to explainer in chief. ri
FOX News
Nov 27, 2012 3:00pm PST
the federal budget on sustainable fiscal path." coburn says too much of the fiscal cliff debate focused on increasing taxes when cuts and reform are needed. >> we can take all the revenue and it wouldn't the problem. the real answer is as we have a demographic shift that is coming. to entitlement program that increased benefit without increasing the taxes to pay for entitlement programs. they are interrupt essentially. >> that is a key point made by two former congressman chris cox and bill averager in "wall street journal" editorial who wrote "the actual liabilities of the federal government including social security, medicare and federal employees future retirement benefit exceed $86 trillion." the second ranking senate democrat is for addressing entitlements but not now. >> medicare and medicaid insure one-third of all americans. they represent about 20% of our budget. and they are a real challenge to us. because untouched unamended medicare will run out of money in 12 years. that is scary. >> though as the negotiations continue, durbin does suggest that obamacare is on the t
CSPAN
Nov 27, 2012 5:00pm EST
which is why the proposal the president has put forward to solve the fiscal cliff raises taxes on a million small businesses who employ 25% of the work force and an accounting firm has done a study has said if the president's proposal went into effect which is to raise taxes on the small businesses out there that it would cost us over 700,000 jobs and reduce take-home pay by 2% and reduce economic growth by 1.3%. what the president is proposing to do would hurt jobs and the economy, which is again, i ironic in that the president's only solution to solve our fiscal cliff issue is to raise taxes. in 2010, we had the same debate. the president said you shouldn't raise taxes in the middle of a weak economy. at the time economic growth was 2.4 through the first three-quarters. this year, 2012, that same number is 1.8%. the economy is weaker and slower today than it was in 2010 when the president said you shouldn't raise taxes in the middle of a weak economy. we believe that the president has to lead on this issue. it can't be about raising taxes on people who create jobs in this economy if it is about jobs and the e
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